EPFX Broker Review
4.0

EPFX Broker Review

The only regulated broker you’ll need. Trade Forex, Indices, Metals, Cryptos and Stocks with Raw Spreads on a true Regulated ECN Broker.
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EPFX is a forex broker registered in South Africa under business name: EPFX PTY LTD ©reg. No. 2022 / 526513 / 07. The address is: 1 Hood Avenue, Rosebank, Johannesburg, Gauteng, 2196 South Africa. It offers services in forex, metals, commodities, stocks, and indices. 

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EPFX is an ECN brokerage and it was established in 2022, as an online forex and CFD brokerage platform. Traders considering EPFX as their broker should carefully consider their investment objectives, level of experience, and risk appetite before diving into the trading environment that EPFX has to offer. 

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Licensing and Regulation

EPFX Forex Broker is regulated by The Financial Sector Conduct Authority (FSCA). 

Regulatory Bodies: A regulated broker, such as EPFX, must be registered with reputable regulatory entities. These entities ensure the broker conducts its business ethically and fairly. For example, U.S.-based forex brokers are required to be registered as RFEDs (Retail Foreign Exchange Dealers).

Compliance Measures:

  • Capital Requirements: Regulated brokers must meet stringent capital requirements to guarantee they can withstand financial fluctuations.
  • Segregation of Funds: Client funds should be held in separate accounts from the company’s funds, protecting them from misuse.
  • Reporting Standards: Regular submission of compliance documents and financial reports must be done to maintain transparency.

Traders should note:

  • Unregulated brokers lack oversight and are not held to such standards.
  • Risks with unregulated entities include fraud, manipulation, and potential losses.

So stay safe and make sure you only deal with regulated brokers and if you plan to risk with unregulated ones, make sure the real user reviews for those brokers are solid.  

EPFX Minimum Deposit $25

EPFX Traders looking to open a live trading account are required to invest a minimum starting sum, which is $25.

This initial deposit is conditioned by the choice of deposit method and can be verified on the company’s Funding page. Here, a straightforward chart details the various methods and their associated minimum requirements.

The table below summarizes the key information regarding the funding options:

deposit methods EPFX


Note: The actual deposit methods are clearly outlined on the EPFX website.

You should always consider that trading involves risks, and a minimum deposit is just the start of your investment journey. We advise that you look at this as an initial stake. You should be well-prepared to manage your capital and use risk management techniques when trading.

Trading Instruments

EPFX provides 300+ trading instruments that fit various strategies and preferences.

  • Forex: Clients have access to a broad spectrum of currency pairs, enabling them to tap into the volatile and exciting forex market.
  • Indices: Those interested in a broader market exposure can trade indices, reflecting the performance of specific sectors or the overall market.
  • Metals: Investors looking to diversify can trade in precious metals, a traditional hedge against inflation and currency fluctuation.
  • Cryptocurrencies: EPFX caters to the modern investor by offering the ability to trade in various cryptocurrencies.
  • Stocks: A selection of stocks from global companies is available, providing an opportunity for equity trading.

The broker’s ECN (Electronic Communication Network) model ensures a regulated trading environment where all trades are executed directly with liquidity providers. Raw spreads offered by EPFX mean costs are kept low. This is a huge advantage for traders who operate with high frequency volumes.

Instrument CategoryDescriptionBenefits
ForexWide range of global currency pairsHigh liquidity, 24/5 trading
IndicesBroad market exposure through global indicesDiversified portfolios
MetalsTrade in gold, silver, and other precious metalsHedge against risk
CryptocurrenciesAccess to leading digital currenciesHigh volatility, growth potential
StocksStocks from major global companiesDirect equity market access

Maximum Leverage 1:500

EPFX Broker offers a 1:500 leverage ratio, which provides traders the capacity to control a larger position with a smaller amount of actual capital. Leverage determines the amount of capital traders can borrow to increase their position size.

Understanding Leverage:

  • High leverage magnifies both potential profits and losses.
  • It allows for significant market exposure with a lower initial deposit.
  • Utilizing high leverage requires an understanding of risk management.

Risk Considerations:

  • While high leverage offers the chance for greater returns, it also carries a higher risk of substantial losses.
  • Traders must be aware of their risk tolerance and trading strategy when using leverage.

Usage in Trading:

  • Traders can utilize the 1:500 leverage to amplify their trading strategies, but they must do so judiciously.
  • Appropriate use of leverage is often dependent on experience and expertise in the forex market.

EPFX enforces leverage limits to align with regulatory standards and trading practices. We advise you to read the EPFX Broker’s specific terms and conditions regarding leverage.

0.0 Pips Low Spreads & ZERO Commissions

EPFX Broker is offering its clients zero commission on trades. This positions it as an attractive option for traders looking to maximize their profits. This fee structure allows traders to enter and exit the markets without the burden of additional charges that typically accompany trade executions.

When it comes to spreads, EPFX Broker commands attention with its ultra-tight spreads that can go as low as 0.0 pips during active trading sessions.

This broker demonstrates its commitment to providing a cost-effective trading environment. This is particularly beneficial for high-volume traders who are sensitive to even the smallest changes in transaction costs.

  • Commission: $0 on trades
  • Spreads: As tight as 0.0 pips during peak trading hours

By maintaining minimal spreads, EPFX Broker helps traders and protects from wide bid-ask variances. This is imperative for those who use scalping or high-frequency trading strategies.

Account Types 

EPFX has 3 account types and they are connected with the Trading Platforms ( MT4, MT5 and cTrader)  used. Depending on the platform you can choose the account. 

Raw SpreadZero CommissionHybrid
Raw Spreads (start at 0.0)Zero CommissionsLow Spreads (start at 0.5)
Low, flat-rate commissionsLow spreads (start at 1.5)Low, flat-rate $7 commissions
Up to 1:500 leverageUp to 1:500 leverageUp to 1:500 leverage
Trade US30 with 0.01 lotsTrade US30 with 0.01 lotsTrade US30 with 0.01 lots
Hedging enabledHedging enabledHedging enabled
MT5 & cTraderMT5 & cTraderMT5 & cTrader
EAs enabledEAs enabledEAs enabled

Trading Platforms and Tools

EPFX Broker offers sophisticated trading platforms and tools. These platforms come with a range of technical analysis features and automated trading options.

PlatformDescription
Metatrader4 (MT4)Metatrader4 (MT4) is a widely recognized trading platform, known for its user-friendly interface and comprehensive charting tools. EPFX Broker clients can benefit from its advanced technical analysis options, customizable charts, and the ability to run Expert Advisors (EAs) for automated trading strategies.
Metatrader5 (MT5)Metatrader5 (MT5) builds on the legacy of MT4 with additional timeframes, improved analytical tools, and more advanced financial trading functions. EPFX Traders who choose MT5 can access market assets, including stocks and commodities, all integrated into one seamless trading experience.
cTraderThe cTrader platform provided by EPFX Broker stands out for its sophisticated trading interface and state-of-the-art technology. The platform’s algorithmic trading capability enables traders to backtest and apply custom trading bots.

Customer Support

EPFX Broker places a significant emphasis on customer support, with a commitment to providing traders with efficient and accessible assistance.

Support Channels

Traders at EPFX Broker have access to multiple support channels including:

  • Live Chat: Real-time assistance for immediate concerns.
  • Email: Detailed enquiries can be addressed via email at: [email protected]
  • Phone Support: For those preferring verbal communication, here is their phone +1 888 239 7924
  • Help Center: Traders can use the Help Center for self-service solutions.

Languages Supported

The primary language is English, which is the default language for their official website and communication channels. Other languages include: English, Spanish, Chinese, Portuguese & Japanese

Educational Resources

EPFX offers educational resources aimed at traders of all experience levels.

These resources are designed to enhance the knowledge and trading skills of its clients.

  • Video Tutorials: Over 170 video tutorials are available, providing step-by-step guidance on various aspects of forex trading.
  • Ebooks: A selection of ebooks covers in-depth topics, offering a portable learning option for traders on the go.
  • Daily Chart Markups: Clients can access daily chart analysis to help them understand market trends.
  • Blogs: The EPFX blog features articles that address current forex news and trading strategies.

Traders interested in accessing these materials can start by logging into the client portal.

The material is broken down into modules, making it easier for users to select areas where they want to improve their understanding. It emphasizes practical trading knowledge, relevant market updates, and core concepts of forex trading.

Pros
  • Competitive Fees: EPFX Broker offers reduced trading costs
  • Advanced Trading Platforms: The technology provided by EPFX Broker includes sophisticated tools
  • Extensive Market Access: Traders have the opportunity to engage in the global markets, allowing for a diversified trading portfolio
  • High-Quality Research: Access to research materials helps all traders to make informed decisions based on comprehensive data
  • Educational Resources: New traders can check the educational content designed to help them learn about markets and trading strategies
Cons
  • Complex Fee Structure: Some users might find the broker’s fee breakdown to be confusing, which could lead to a lack of transparency for customers trying to calculate potential costs
  • Platform Complexity: New traders could be overwhelmed by the advanced nature of the platforms, which is focused more on experienced users
  • Minimum Account Requirements: The minimum account balance may put off people who are not ready to commit
  • Customer Service: Limited customer service options could pose a challenge for traders seeking immediate assistance or support

Final Word

We would advise to better consider the regulation status. EPFX is noted to have appointed representatives (AR) regulated in Australia, showing some level of regulatory compliance. Being registered in SA and also responding to their regulatory bodies, have in mind where you are trading from and check if both authorities are really incharge of this Broker.  

Since it has been operational within 1 year, the experience and longevity of EPFX in the market are limited. This is raising questions about its track record and stability.

You should note that the official website supports English only, potentially posing a language barrier for non-English speakers interested in EPFX’s services in forex, metals, commodities, stocks, and indices.

Real User reviews and ratings could provide further insights into EPFX, but the discerning trader will consider the absence of extensive historical data and the current level of transparency.

What are users saying about EPFX brokers on forums like Reddit?

Individuals on forums such as Reddit have shared mixed reviews about EPFX brokers, discussing the range of trading services they offer.

Some appreciate their forex and commodities trading options, while others are cautious, advising diligence due to the broker being registered in a location like Saint Lucia.

Are there any in-depth video reviews of EPFX brokers on platforms like YouTube?

Traders interested in EPFX brokers can check the video reviews on YouTube where some users have posted detailed analyses of their experiences with the broker’s platform and services. Check the video below: 

Welcome Bonus
NONE
Min Deposit: $25
4.0
Licensing & Safety
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Markets
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Bonuses & Promotions
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Customer Support
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EPFX Broker Review
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